Lakeland Financial's Earnings To Suffer From Repricing Gap [Seeking Alpha]
Lakeland Financial Corporation (LKFN)
Last lakeland financial corporation earnings: 4/27 08:00 am
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US:NASDAQ Investor Relations:
lakecitybank.com/lakeland-financial-corporation-present-keefe-bruyette-woods-2016-community-bank-investor-conference
Company Research
Source: Seeking Alpha
SummaryLarge repricing gap this year will make net interest margin highly sensitive to interest rate movements. Margin compression will hurt earnings.Worsening of credit quality amid the COVID-19 pandemic is also likely to drag earnings.December 2020 target price suggests an upside of 36% from current market price.Risks in the next four to five months will likely keep the stock price depressed.Earnings of Lakeland Financial Corporation (NASDAQ:LKFNEarnings Likely to Suffer from Large Repricing GapThe 150bps cut in the federal funds rate is likely to squeeze net interest margin, NIM. More interest-earning assets than funds will mature this year, which will make NIM highly sensitive to interest rate movement. Around $1.4 billion variable-rate loans and $637 million fixed-rate loans will reprice in 2020, versus $504 million savings deposits and $896 million time deposits. The total repricing gap will be around $511 million this year, according to details given in the latest10-K filinginv
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LKFN
News
- Those who invested in Lakeland Financial (NASDAQ:LKFN) five years ago are up 73% [Yahoo! Finance]Yahoo! Finance
- Lake City Bank Promotes Carrie A. Gutman to Chief Wealth Advisory OfficerGlobeNewswire
- Lakeland Financial Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Lakeland Financial (LKFN) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Lakeland Financial GAAP EPS of $0.91, revenue of $61.2M [Seeking Alpha]Seeking Alpha
LKFN
Earnings
- 10/28/24 - Beat
LKFN
Sec Filings
- 12/12/24 - Form 144
- 12/11/24 - Form 3
- 12/9/24 - Form 4
- LKFN's page on the SEC website